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Rs11m tax default: FBR attaches bank accounts of M/s Urban Sole Shoes

Rs11m tax default: FBR attaches bank accounts of M/s Urban Sole Shoes

LAHORE: The Federal Board of Revenue (FBR) has frozen bank accounts of a famous shoes manufacturing company M/s Urban Sole Private Limited. FBR has also recovered Rs 7.4 million from bank accounts of the above said company.

Sources told Customs Today, that  FBR has attached bank accounts of M/s Urban Sole in Bank Alfalah Shahdra branch and Meezan Bank Kot Abdul Malik branches. Urban sole is defaulter of income tax for the years 2014 and 2015.

On other hand the Federal Board of Revenue has issued another notice to renowned fashion brand Hassan Shehr Yar (HSY) on the tax evasion of Rs11million. Federal Board of Revenue has served a notice on the HSY to pay its due tax within 15 days otherwise strict action will be taken against the fashion brand.

Sources told that HSY is defaulter of sales tax from 2016-17. The FBR had already issued several notices to HSY but no reply was submitted till yet.

FBR has also recovered Rs 4 million from the bank account of M/s RT Max. FBR sources said the M/s RT Max had been a defaulter of Rs 10 million. Cloth manufacturing company RT Max has not a good record for tax deposit.

The FBR had already confiscated all the sales and manufacturing record of the company. The RT Max is a defaulter of Rs 10 million as it failed to pay the sales tax of Financial Year 2016-27.